Friday, December 14, 2012

Read the Standard & Poor’s Report on Cincinnati

At the end of November Standard & Poor’s provided the below report on Cincinnati’s creditworthiness.  Note this line:

The outlook revision reflects our view of the city's revenue losses, which are contributing to a forecasted structurally-imbalanced budget for 2013

The budget Council is passing today does nothing to address the issues raised by S&P and only serves to hasten the city's decline.

In short, Cincinnati is screwed. Mallory and Qualls have proven themselves unserious and the rubber stamp crew: Quinlivan; Seelbach; Young; Thomas; and Simpson allow them to destroy a once great city with impunity.

No comments:

Post a Comment

We follow the "living room" rule. Exhibit the same courtesy you would show guests in your home.